Us aussies are such weirdos about property. We’re one of the few countries in the world that auction property as a standard form of sale. Property is so deeply engrained in our cultural values and identity that I can’t see anything changing for at least a generation or two, even if those generations can’t afford it. The aussie dream of home ownership won’t die quietly.
Part of aspiring to ownership is to escape renting, which can be quite a degrading experience in Australia depending on who your rental provider is. I’m not interested in ownership for social status, but would love to live in a house that is safe and works properly.
Absolutely, but again Australia are weirdos in this regard. Our rental leases are 12 months as standard. In Europe it’s common to have longer leases, like 10-15 years. Plus we have hardly any public housing (a quick google tells me 2.5% of all dwellings in Victoria) versus anywhere from 3-34% for Europe (depending on which country you’re looking at). Conditions for renters would be so much better with these issues addressed.
Other countries have far better renter rights as well, although there has been a bit of movement on that in some states.
Great ideas, I love the tempo as boomers won’t be able to understand it - should prevent it becoming Sky News talking points lol
